Minister of economic affairs and finance has appointed Dr. Hossein Mehri as
the new Chairman of Board of Directors and Managing Director of Bank of
Industry & Mine (BIM).

Dr. Mehri holds a doctorate degree in entrepreneurship management and
previously served in the positions of deputy telecommunication minister and
deputy managing director of BIM.

Speaking at his introduction session, he said paying specific attention to
the human asset would be among the most important issues of the bank. He
reiterated that specialized and skill-oriented trainings towards
professional development of the staff would be a priority for the bank,
adding, on this path experience of the developed countries should be used.

Also speaking at the event, Deputy Minister of Economic Affairs and Finance,
Amir Baqeri said the outgoing CEO of the BIM Ali Ashraf Afkhami is among the
outstanding managers in the banking system that has left a brilliant record
for his services at the BIM.

Baqeri reiterated that the policy of the Ministry of Economic Affairs and
Finance is based on selecting motivated and well-known people from within
the banking system for the management and that selection of Dr. Mehri has
been made with the same approach.

He said in recent years economic issues have been turned into the main
subjects of the system and to this end the reform of the banking system has
been considered by the country’s policy-makers.

Addressing the audience, Afkhami, compared the economic situation of the
advanced countries with Iran and said the reason for the development of
those countries is the education management and efforts for knowing more.

Afkhami referred to lack of overdraft from the Central Bank of Iran (CBI),
increase in the capital of the bank and funding infrastructural plans in the
area of power plant industries, petrochemicals and railway as the
achievements of the BIM in the recent years.

Afkhami said in the recent years, along with the professional activities,
the bank has assumed social responsibilities. As an example, he pointed to
the establishment of four blood transfusion centers by the BIM.

Afkhami reiterated that increase in the
capital of the bank and prolongation of the repayment deadline of the
facilities is necessary for the protection and promotion of the activities
of the BIM and, as a result, the credit of the country.